Fitch downgrades Butler County rating

5:09 PM,
Aug. 22, 2013

Written by

Sheila McLaughlin

Butler County officials expressed surprise on Thursday after hearing that Fitch slightly downgraded the county's credit rating on $41.1 million in bonds issued in 2007 to finance construction of the Liberty Way interchange.

County Administrator Charles Young said it didn't make sense because Moody's, another rating service, recently re-affirmed the county's Aa1rating on the same bond issue, meaning it's a low-risk investment.

"This unexpected action by Fitch is unfortunate given the tremendous development that is occurring in this area. This includes the recently announced $300 ...